FHE/USDT
Where FHE/USDT trades: Binance, KuCoin and Bybit, spot and perpetual futures, with per-venue 24h volume and share. $6.0M in 24h volume.
FHE/USDT trades on 3 exchanges across 4 listings — 3 perpetual futures markets and 1 spot book.
Binance runs the deepest of them at $3.0M over 24 hours, 50.8% of the $6.0M total we measure across all 4 of them.
Where FHE/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Perpetual |
FHEUSDT
|
$3.0M | 50.8% |
| KuCoin | Perpetual |
FHEUSDTM
|
$2.1M | 35.4% |
| Bybit | Perpetual |
FHEUSDT
|
$577.5K | 9.7% |
| Bybit | Spot |
FHEUSDT
|
$246.1K | 4.1% |
Volume is 24h turnover in USD, taken from each exchange's public ticker. A dash means the venue quotes the pair against something other than a USD stablecoin, so we have no honest USD figure for it rather than a converted guess. Updated 2026-08-19 16:29 UTC.
Spot or perpetual
Perpetual futures: Binance, KuCoin and Bybit.
Spot: Bybit.
Where the liquidity sits
The top 3 venues hold 95.9% of measured FHE/USDT turnover: Binance perpetuals ($3.0M, 50.8%), KuCoin perpetuals ($2.1M, 35.4%) and Bybit perpetuals ($577.5K, 9.7%).
Perpetual futures account for 95.9% of it, spot the rest. Futures turnover is notional, so it is not directly comparable to spot volume — the same dollar of margin moves several dollars of notional.
How we measure this
Volume is 24-hour turnover from each exchange's own public ticker, refreshed on a schedule rather than streamed. We only publish a dollar figure where the pair is quoted against a USD stablecoin, so the number is the venue's own turnover and not a conversion of ours.